Kapunda has been designed for a single purpose: to provide its LPs with access to Australia’s best early-stage hard-tech founders. Every decision has been made with this goal in mind, from our portfolio construction to our purpose-built support network.
Removes decision-complexity
Enables quick execution
Accelerates deployment
Increases ownership
Focuses support on actual value-add
What is left is the work that matters: investing in the best founders.
Until recently, VC funds needed a team of analysts to screen deals, understand the underlying tech, conduct market research and build technoeconomic models. AI tools now handle the first pass on each, so teams can be streamlined and time can be focused on higher-order issues. This makes a solo GP fund practical at this scale.
Best-in-market outsourced fund operations platform, including licensing, insurance, reporting, documentation and capital calls.
In addition to chairing both the investment committee and advisory board, Foxglove’s six-person investment team will be an on-demand resource for supporting investment sourcing and research.
Four highly experienced executives who oversee governance, compliance and reporting, holding the fund to institutional standards. If Jeremy were unable to continue due to unforeseen circumstances, the advisory board is responsible for ensuring the portfolio is managed to liquidity and that capital is returned to LPs.
The same investment committee that supported the construction of Bandera’s portfolio will continue in this role for Kapunda. Every investment is reviewed and challenged, and commitment of capital requires investment committee approval.
The founders Jeremy backed through Bandera Capital, across energy, industrials and agriculture, remain highly engaged and supportive. They refer deals from their sectors, act as subject matter experts in diligence on adjacent opportunities, and help portfolio companies with introductions and advice. This network took six years to build and cannot be replicated.
Jeremy learnt the value of an engaged LP network through his experience running syndicates. Beyond capital, LPs can introduce deals and provide crucial support to portfolio companies, most often through their own networks.
There is no question who you are backing. Jeremy sources, leads and is accountable for every investment, subject to investment committee approval.
If you want to know about a deal or a portfolio company, Jeremy is the person to call.
The fund holds no follow-on reserves, so follow-on pro-rata rights pass through in full to LPs, subject to availability.
Co-investment and follow-on rights are set out on the LP Rights page.